Yeah pretty simple, he was bought out. Ross is gone.
NEW GENERATION CONSUMER GROUP ANNOUNCES NEW LEADERSHIP AND DIRECTION
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WHITTIER, CA -- March 24, 2016 -- InvestorsHub NewsWire -- New Generation Consumer Group (OTC PINK: NGCG) – New Generation Consumer Group Inc. announces today the appointment of Tom Kim as the company’s new Chief Executive Officer to take effect April 4, 2016.
Through negotiations, it consisted of the immediate resignation of Mr. Charles Morrison in addition to Calvin Ross. Terms included the buyout of Calvin Ross’s position transferring complete ownership to Mr. Tom Kim. Additional terms of the separation agreement will be discussed later in the company’s revamp plan.